Funding you earn now, next payment 08:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h +0.077%
Price spread now: KuCoin against Kraken Futures−0.198%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1841.844% of the position
Funding, last 7 days+0.489%+$49 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.198%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and KuCoin is 0.201% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.489%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MANAUSD | 0.08687 | 0.0632 | pay 0.0079% / 1h | 48m 29s | $99K | $74K | 20x |
| Short | KuCoin MANAUSDTM | 0.08670 | 0.0100 | get 0.0100% / 8h | 48m 29s | $1.7M | $70K | 50x |
Kraken Futures PF_MANAUSD
KuCoin MANAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$111.74
- Price spread: −0.198% → +0.003%
- −$20.09
- Slippage, 4 orders
- −$162.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$316.19
- Costs to cover
- 1.844%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 75 min ago; KuCoin: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 75 min ago | 8.09 bp | 38.6 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 11.56 bp | 60.6 bp −$61 | 268.4 bp −$2,684 | doesn't fit | doesn't fit |
MANA on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MANA | −0.0285% | 8h | 0.08644 | −0.500% | $84K | $3K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08760 | +0.838% | $901 | $1K | 5.5x | as long as short |
| BingX MANA-USDT | +0.0052% | 8h | 0.08677 | −0.118% | — | $2.4M | — | as long as short |
| OKX MANA-USDT-SWAP | +0.0079% | 8h | 0.08675 | −0.141% | $613K | $1.9M | 20x | as long as short |
| BloFin MANA-USDT | +0.0094% | 8h | 0.08667 | −0.233% | $170K | $57K | 20x | as long as short |
| Aster MANAUSDT | +0.0100% | 8h | 0.08682 | −0.062% | $7K | $6K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08685 | −0.025% | $3.5M | $5.9M | 75x | as long as short |
| Bybit MANAUSDT | +0.0100% | 8h | 0.08668 | −0.221% | $2.8M | $898K | 75x | as long as short |
| Gate MANA_USDT | +0.0100% | 8h | 0.08683 | −0.048% | $315K | $364K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08683 | −0.048% | $13.3M | $692K | 200x | as long as short |
Variational Omni MANA
Injective MANA/USDC PERP
BingX MANA-USDT
OKX MANA-USDT-SWAP
BloFin MANA-USDT
Aster MANAUSDT
Binance MANAUSDT
Bybit MANAUSDT
Gate MANA_USDT
MEXC MANA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MANAUSDTMshort | +0.0100% | 8h | 0.08670 | −0.198% | $1.7M | $70K | 50x | |
| Bitget MANAUSDT | +0.0100% | 8h | 0.08685 | −0.030% | $1.6M | $506K | 25x | as long as short |
| Kraken Futures PF_MANAUSDlong | +0.0632% | 1h | 0.08687 | long leg | $99K | $74K | 20x |
Bitget MANAUSDT